In the first quarter of fiscal year 2026, the automotive and fast-moving consumer goods (FMCG) sectors in India showed mixed performance. Mahindra & Mahindra (M&M) reported a 20% year-on-year increase in production, reaching 83,435 units in June, with sales up 14% to 76,335 units and exports slightly rising by 1% to 2,634 units. Tata Motors experienced a decline in retail volumes for April to June, down 15.1% year-on-year to 94,420 units. Jaguar Land Rover (JLR), a subsidiary of Tata Motors, saw its vehicle sales fall by approximately 11% in the quarter, attributed to a temporary pause in shipments to the U.S. market. Overall, JLR's sales declined by 10.7% in the same period, with both wholesale and retail sales dipping. In the FMCG sector, Dabur's shares rose nearly 4% following a sequential recovery in demand and an uptick in urban volume growth. The broader FMCG sector is expected to see a marginal pickup in volume growth, supported by price increases contributing to revenue growth in the first quarter.